Creditors have filed a lawsuit against the former head of the auction house Paddle8
ARTinvestment.RU   13 мая 2020

Valentine Achowskiego accused of improper asset management. The amount of the claim $1 million

This lawsuit — another attempt by creditors of the bankrupt auction house to recover some of their funds.

Recall that Paddle8 filed a lawsuit on the recognition of bankruptcy in mid-March 2020, a week after the New American Cinema Group accused the auction house of misappropriation of funds raised at a charity auction. Then, the lawyers of the company-обвинителя considered this step an attempt to buy time in order not to pay the money to its customers.

Several weeks later, on may 1, 2020, the group of creditors, the auction house went to court with a claim to the name of the former head of Paddle8 Vladimir Achowskiego. The lawsuit alleges that in January 2020, the Board of Directors Paddle8 Uchowska gave the instruction to "reduce business operating costs". Then he had to submit new budget plan of the auction house for approval of the Board of Directors, but have not done so, resigning in February of this year.

According to the plaintiffs, as a result of activities Achowskiego and-за that he "failed to properly dispose of the funds of the company," they suffered losses of about $1 million And this amount (plus interest), they intend to recover from former CEO Paddle8.

"I'm shocked because I didn't know about any trial, especially this abusive lawsuit, — commented on And the situation for Artnet News via email. — for many months I all former employees Paddle8 fought tirelessly for partners and brands that we love. I'm still in touch and in friendship with most of them. I left the company in February after months of deception and misinformation. Neither I, nor the company that continues proceedings with the former owners do not make these accusations and lies".

in Fairness it should be noted that Vladimir And former Executive Director of the social network Tumblr, worked as the head Paddle8 does not last long — from November 2019 to February 2020. His predecessor, Izabela Depczyk also worked at the post of the Director General only a couple of years, and then resigned. So, most likely, it was not only in a personal or professional qualities of the management team of the auction house.

the Material was prepared by Maria Kuznetsova, AI

Source: news.artnet.com